Total amount raised
$504.8 Millions
Latest funding date
4/1/2014
Location
Crunchyroll has successfully raised funds through multiple rounds, culminating in its acquisition by Funimation for $1.2 billion.
Explore the details of Crunchyroll's funding journey and the key investors who have supported this prominent platform.
What Is Crunchyroll?
Crunchyroll, founded in 2008 in Tokyo, Japan, is a leading video service provider specializing in Japanese animated productions and Asian media services. The platform offers a vast library of over 20,000 videos and 10,000 hours of anime, Korean drama, and live-action titles available on various devices.
Founded by Brandon Ooi, Crunchyroll has grown significantly since its inception. The company now employs between 101 and 250 people, contributing to its robust content offerings and global reach.
Crunchyroll's services extend beyond streaming, allowing users to play games and shop online, making it a comprehensive destination for anime and Asian media enthusiasts.
How Much Funding Has Crunchyroll Raised?
- Round Name: Series A
- Amount Raised: $4.1M
- Date: February 2008
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's content library and improve streaming technology.
- Round Name: Venture Round
- Amount Raised: $750K
- Date: March 2010
- Lead Investors: TV Tokyo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen the content alliance and expand global reach.
- Round Name: Venture Round
- Amount Raised: $22M
- Date: November 2015
- Lead Investors: Otter Media
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance user experience.
Total Amount Raised: $26.85M. Current Valuation: $1.2 billion.
Key Investors
- Otter Media
- Details: Otter Media is a digital media company that focuses on building and investing in digital-first media brands. It is a subsidiary of WarnerMedia.
- Investment Focus Areas: Digital media, entertainment, streaming services.
- Notable Investments: Crunchyroll, Rooster Teeth, Fullscreen.
- TV Tokyo
- Details: TV Tokyo is a major Japanese television station known for its extensive anime programming. It is part of the TX Network.
- Investment Focus Areas: Media, entertainment, animation.
- Notable Investments: Crunchyroll, "Naruto", "Pokémon".
- Venrock
- Details: Venrock is a venture capital firm originally established as the venture arm of the Rockefeller family. It focuses on early-stage and growth investments.
- Investment Focus Areas: Technology, healthcare, energy.
- Notable Investments: Apple, Intel, DoubleClick.
- Silicon Valley Angel Investors
- Details: A group of successful entrepreneurs and investors from Silicon Valley who provide early-stage funding to startups.
- Investment Focus Areas: Technology, software, internet services.
- Notable Investments: Not publicly disclosed.
What's Next for Crunchyroll?
Crunchyroll's future looks promising with opportunities to expand its content library through strategic partnerships, such as the one with TV Tokyo. This collaboration allows Crunchyroll to offer popular anime series, enhancing its global distribution and licensing capabilities. The growing demand for Japanese anime and entertainment presents a significant opportunity for Crunchyroll to attract more subscribers and viewers.
Future fundraising opportunities are on the horizon, with ongoing negotiations for additional strategic investments from major Japanese book publishers. These investments could further bolster Crunchyroll's content offerings and global reach. However, the company may face challenges such as intense competition in the streaming market and rapid technological changes. Maintaining strong relationships with key partners and protecting proprietary rights will be crucial for sustained growth.
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